Colombia: Terpel reports sales of US$4.1 billion in 2019

The Colombian company increased its sales significantly, expanded its network, and continued its process of rebranding to the new image of Terpel.

Terpel, Colombia´s leading service station chain, reached sales of COL$17 billion (USD$4.1bn) in 2019. In addition, it reported consolidated EBITDA of COL$884,346 million (USD217mn) and net income of COL$237,920 million (USD58mn), up 19.4% and 77.9%, respectively, from the previous year.

President Sylvia Escovar also highlighted that Terpel currently has a consolidated network of 1,921 service stations – 1,674 affiliates and 249 company-operated. They also increased the number of convenience stores and now have 319 points in the country.

"Every year we work on the development of initiatives that drive us to be the best option in the market in terms of infrastructure, service and price. Our permanent challenge is to be at the service of our consumers, which demands us to be more innovative, competitive and sustainable, economically, socially and environmentally," said Sylvia Escovar, president of Terpel.

On a regional level, Terpel reached 2,304 service stations, adding 17 new stations to its own network. The company continued its process of rebranding and now has 80% of the network in Colombia operating under the new image, 90% in Panama, 20% in Ecuador and 40% of sites in Peru.

Response to COVID-19

In addition to implementing safety measures at its sites for workers and clients, Terpel will donate some 34,000 gallons of Acpm, 5,000 gallons of regular gasoline and 6,000 m3 of LNG/CNG to the Association of Food Banks of Colombia (Abaco) to help bring more than 108,000 tons of food to the most vulnerable populations of the country during the period of isolation.

"This fuel will be used to transport 1,800 tons of food per day, aimed at vulnerable populations in cities such as Barranquilla, Bogota, Bucaramanga, Cali, Cartago, Cucuta, Ibague, Manizales, Medellin, Monteria, Neiva, Pasto, Pereira, Riohacha, Santa Marta, Sincelejo and Villavicencio," said the company in a statement.